China News Agency, Beijing, July 20 (Reporter Chen Kangliang) On the 20th, China's A shares performed well, and all major stock indexes rose.
Among them, the representative Shanghai Composite Index achieved "three consecutive rises" and successfully returned to 3300 points.
As of the close of the day, the Shanghai Composite Index reported 3,304 points, an increase of 0.77%, with a turnover of 383.4 billion yuan (RMB, the same below); the Shenzhen Component Index reported 12,573 points, an increase of 0.63%, with a turnover of 569.1 billion yuan; the ChiNext Index reported 2,765 points, an increase of 569.1 billion yuan. 0.52%.
Shen Zhengyang, an analyst at Northeast Securities, said that the recent performance of A shares, especially the Shanghai index, has been relatively bright, mainly due to the technical rebound brought about by the previous oversold, and the overnight surge in the U.S. stock market has also boosted the confidence of A-share investors.
In terms of specific sectors, most sectors of A-shares were in the red that day.
Among them, the defense and military industry sector led the A shares, rising more than 4%.
Weng Yuping, fund manager of Great Wall Fund, said that he is optimistic about the medium and long-term investment opportunities in the military sector.
Aerospace and informatization are key areas of national defense modernization and are expected to maintain a high degree of prosperity.
Zhang Xufeng, a fund manager of Wells Fargo Fund, also said that in the second half of this year, the defense and military industry sector may have strong value in terms of industry growth rate and valuation advantages.
In the short term, the semi-annual reports of the listed companies in the defense and military industry will be released one after another in the near future.
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